For the quarter ending 2026-03-31, VERX has $1,214,368K in assets. $967,864K in debts. $252,455K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 252,455 | 314,009 | 313,506 | 284,386 |
| Funds held for customers | 17,698 | 24,286 | 25,287 | 26,376 |
| Accounts receivable, net of allowance of 13,225 and 11,466, respectively | 158,998 | 183,446 | 131,502 | 143,660 |
| Prepaid expenses and other current assets | 59,358 | 38,966 | 48,532 | 48,309 |
| Total current assets | 488,509 | 560,707 | 518,827 | 502,731 |
| Property and equipment, net of accumulated depreciation | 220,407 | 209,727 | 202,655 | 195,034 |
| Capitalized software, net of accumulated amortization | 35,253 | 35,480 | 35,917 | 35,659 |
| Goodwill | 402,429 | 392,493 | 392,893 | - |
| Other intangible assets, net | 2,926 | 3,513 | 4,104 | - |
| Goodwill and other intangible assets | 405,355 | 396,006 | 396,997 | 397,312 |
| Deferred commissions | 30,879 | 31,907 | 28,812 | 27,737 |
| Deferred income tax asset | 129 | 85 | 22 | 20 |
| Operating lease right-of-use assets | 8,830 | 9,678 | 10,496 | 11,344 |
| Long-term investment | 15,000 | 15,000 | 15,000 | 15,000 |
| Other assets | 10,006 | 12,245 | 13,132 | 13,352 |
| Total assets | 1,214,368 | 1,270,835 | 1,221,858 | 1,198,189 |
| Accounts payable | 35,630 | 37,557 | 35,374 | 30,440 |
| Accrued expenses | 36,607 | 43,642 | 39,788 | 42,155 |
| Customer funds obligations | 15,180 | 21,802 | 22,904 | 23,913 |
| Accrued salaries and benefits | 32,199 | 23,992 | 23,729 | 14,873 |
| Accrued variable compensation | 16,682 | 34,593 | 29,101 | 19,000 |
| Deferred revenue, current | 393,107 | 382,839 | 333,636 | 341,754 |
| Current portion of operating lease liabilities | 4,327 | 4,283 | 4,236 | 4,228 |
| Current portion of finance lease liabilities | 44 | 55 | 71 | 61 |
| Purchase commitment and contingent consideration liabilities, current | 32,800 | 25,900 | 27,100 | 29,900 |
| Total current liabilities | 566,576 | 574,663 | 515,939 | 506,324 |
| Deferred revenue, net of current portion | 5,290 | 5,209 | 5,407 | 5,496 |
| Deferred other liabilities | - | 345 | 2,023 | 1,156 |
| Debt, net of current portion | 338,041 | 337,477 | 336,913 | 336,349 |
| Operating lease liabilities, net of current portion | 7,686 | 8,903 | 10,093 | 11,253 |
| Finance lease liabilities, net of current portion | 46 | 54 | 61 | - |
| Purchase commitment and contingent consideration liabilities, net of current portion | 41,300 | 79,600 | 79,000 | 80,200 |
| Deferred income tax liabilities | 8,925 | 5,664 | 7,950 | 9,369 |
| Total liabilities | 967,864 | 1,011,915 | 957,386 | 950,147 |
| Common stock-Common Class A | 79 | 77 | 77 | 77 |
| Common stock-Common Class B | 82 | 82 | 82 | 82 |
| Treasury stock, at cost, 1,875 and 504 shares, respectively | 30,135 | 10,094 | - | - |
| Additional paid in capital | 332,910 | 316,327 | 304,177 | 292,078 |
| Accumulated deficit | -48,614 | -46,104 | -39,101 | -43,146 |
| Accumulated other comprehensive loss | -7,818 | -1,368 | -763 | -1,049 |
| Total stockholders' equity | 246,504 | 258,920 | 264,472 | 248,042 |
| Total liabilities and stockholders' equity | 1,214,368 | 1,270,835 | 1,221,858 | 1,198,189 |
Vertex, Inc. (VERX)
Vertex, Inc. (VERX)